MECL PAID INTERIM DIVIDEND FOR THE YEAR 2017-18

Mineral Exploration Corporation Limited (MECL), the city based CPSE
under Ministry of Mines, Govt. of India has paid first time Interim
Dividend since its transformation into a dividend paying entity from
2012-13.

MECL is engaged in exploration of Energy
and Non-energy Minerals on behalf of Govt. of India, State Governments,
PSUs and other agencies in various parts of the country. During the year
2017-18, the financial performance of the Company is expected to be
highest since its inception.

MECL is also the “Nodal Agency” for
exploration under National Mineral Exploration Trust (NMET) funded
projects. It has recently completed the Greenfield exploration work by
enhancing its drilling and analytical capabilities through induction of
new Hydrostatic drilling rigs and advance instruments required for
testing in Greenfield exploration work.